Prestel kunstlexikon online dating

05-Jul-2017 06:41

The additional proceeds of the Placing will be used to strengthen the Company's balance sheet in line with its future strategy of making targeted acquisitions within the IT services sector.The Acquisition and the Placing are subject, inter alia, to Shareholder approval at the General Meeting to be held at 10.00 a.m.The Company has also conditionally raised £30 million by way of an oversubscribed placing of new Ordinary Shares.The Acquisition will be funded by a combination of the Company's existing cash resources and the placing of 100,000,000 new Ordinary Shares raising £30 million (approximately £28.4 million net of costs).THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

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This will help to position the Company as a consolidator within the IT services sector, which the Directors and Proposed Directors believe offers ample opportunities for further acquisitive growth.

MXC Capital is subscribing in the Placing for 43,000,000 new Ordinary Shares, representing 24.9 per cent.